The New Standard
in Blockchain
WEB3, NFTs, Crypto and DAOs
Create, build and launch the next generation of Web
The web we are experiencing today is much different than what it was just 10 years ago. How has the web evolved, and more importantly – where is it going next? Also, why do any of these things matter?
WEB3
Web3 applications run on blockchains, decentralized networks of many peer to peer nodes (servers). These apps are often referred to as dapps (decentralized apps).
NFTs
NFTs (non-fungible tokens) can really be anything digital (such as drawings, music, art, avatars, tickets, articles, books, ...)
DAOs
Decentralized autonomous organizations, are an effective and safe way to work with like-minded folks around the globe.
Cryptocurrencies
A cryptocurrency is a digital currency that can be used to buy goods and services, but uses an online ledger with strong cryptography to secure online transactions, to buy goods and services, or trade them for profit.
The Next Evolution
of the Internet
Web3 refers to a potential new iteration of the internet that runs on public blockchains, the record-keeping technology best known for facilitating cryptocurrency transactions. The appeal of Web3 is that it is decentralized, so that instead of users accessing the internet through services mediated by the likes of Google, Apple, or Facebook, it’s the individuals themselves who own and control pieces of the internet. Web3 does not require “permission,” meaning that central authorities don’t dictate who uses what services, nor is there a need for “trust,” referring to the idea that an intermediary does not need to facilitate virtual transactions between two or more parties. Web3 theoretically protects user privacy better as well, because it’s these authorities and intermediaries that are doing most of the data collection.
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One element of Web3 that’s gaining a lot of traction is decentralized finance, also known as DeFi, which involves conducting IRL financial transactions on the blockchain without assistance from banks or the government.
Meanwhile, a number of large companies and venture capital firms are already investing huge sums to build Web3, and it’s hard to imagine that their involvement wouldn’t amount to some kind of centralized power.
